** Shares of Granite Ridge Resources GRNT.N up 3% at $6.58
** Gerdes Energy Research raises GRNT stock rating to "buy" from "neutral", PT unchanged at $8
** Brokerage says GRNT's ability to choose and invest in individual wells provides it flexibility to the timing and magnitude of capital expenditures, unburdened by drilling commitments
** Adds that the company's "non-operated" development model avoids costs of finding new oil and gas reserves, and the need to buy large "contiguous acreage" tracts of land
** "The industry's strategic shift toward free cash flow is expanding Granite Ridge's acquisition opportunities," brokerage adds further
** Up to last close, stock up 6% YTD
(Reporting by Anshuman Tripathy)
((Anshuman.Tripathy@thomsonreuters.com))
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。